General government sector expenditure exceeded revenue resulting in a GFS net operating balance of –$17,418m.

The GFS net lending(+)/borrowing(–) position for the general government sector was –$19,754m.

GFS KEY FIGURES: ALL LEVELS OF GOVERNMENT, ORIGINAL

Jun Qtr 2012

Sep Qtr 2012

Jun Qtr 2012 toSep Qtr 2012

$m

$m

% change

Current Prices

Taxation revenue

General government

110 486

92 456

–16.3

Total revenue

General government

136 852

115 114

–15.9

Public Non–Financial corporations

20 688

19 358

–6.4

Total expenses

General government

140 531

132 531

–5.7

Public Non–Financial corporations

20 677

18 183

–12.1

GFS Net operating balance

General government

–3 679

–17 418

. .

Public Non–Financial corporations

11

1 176

. .

GFS Net lending(+)/borrowing(–)

General government

–14 103

–19 754

. .

Public Non–Financial corporations

–2 867

–1 988

. .

. . not applicable

QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES – KEY FIGURES

The table below includes the key public sector aggregates for the September quarter 2012 which will be included in theAustralian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0). The key figures shown include Government Final Consumption Expenditure for general government and Gross Fixed Capital Formation for general government and public corporations, seasonally adjusted in current prices and chain volume terms.

In the September quarter 2012:

In seasonally adjusted chain volume terms, total general government final consumption expenditure decreased by $238m, a fall of 0.4% compared with June quarter 2012.

Total general government gross fixed capital formation, in seasonally adjusted chain volume terms, decreased by 18.1%.

. . not applicable(a) See paragraph 37 of the Explanatory Notes for the relationship between general government final consumption expenditure and GFS aggregates.(b) Reference year for chain volume measures is 2010–11.

SEPTEMBER QUARTER 2012 GFS RELEASE

This release presents quarterly government finance statistics on an accrual accounting basis. All tables are presented in GFS operating statement format and are for the general government sector, with the exception of Table 2 which presents data for the public non–financial corporations sector.

Quarterly GFS are released for the current financial year only, other than in the September quarter, when the quarters of the previous financial year are presented. Users requiring data for earlier periods should consultGovernment Finance Statistics, Australia (cat. no. 5512.0). The latest issue (2010–11) was released on 17 April 2012. Final annual GFS results for 2011–12 are scheduled for release by the ABS in April 2013.

RELEASE OF QUARTERLY GFS THIS ISSUE

Table

Sep 11

Dec 11

Mar 12

Jun 12

Sep 12

Table 1 All Levels of Government - General Government

*

*

*

*

*

Table 2 All Levels of Government - Public Non-Financial Corporations

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*

*

*

*

Table 3 Commonwealth Government

*

*

*

*

*

Table 4 Total State & Local

*

*

*

*

*

Table 5 New South Wales

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*

*

*

Table 6 Victoria

*

*

*

*

Table 7 Queensland

*

*

*

*

Table 8 South Australia

*

*

*

*

Table 9 Western Australia

*

*

*

*

Table 10 Tasmania

*

*

*

*

Table 11 Northern Territory

*

*

*

*

Table 12 Australian Capital Territory

*

*

*

*

EMISSIONS REDUCTION SCHEMES

The ABS released an Information Paper: Recording Emissions Reduction Schemes in ABS Statistics (cat. no. 5257.0.55.001) on 30 July 2012. This information paper summarises the nature and statistical treatment of emissions permit measures introduced under the Clean Energy Act 2011 and other greenhouse gas schemes currently in operation in Australia (including the Commonwealth Renewable Energy Target (RET) and the Carbon Farming Initiative).

Emission reduction scheme data are included in relevant GFS aggregates commencing with this issue, with data for the Renewable Energy Certificates issued under the RET backcast in the time series. Separate data series for emission reduction schemes are not available.

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